CEO Juergen Stark to depart; leaves Chairman role immediately, employment ends June 30

Turtle Beach Corp

Stark resigns as Chairman effective May 1, 2023; CEO and President role ends June 30, 2023.
Stark and director William Keitel will not stand for re-election at 2023 Annual Meeting.
Separation provides 12-month salary continuation, pro-rated target bonus, full vesting of all unvested equity.
Option exercise period extended to earlier of original term or June 30, 2024; health coverage for 12 months.
Company pays up to $20k in legal fees; Stark may provide consulting services post-employment.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Juergen Stark

Chairman

TBCH · Turtle Beach Corp

Effective: 2023-05-01
Filed: May 2, 2023, 7:59 PM ET

On May 1, 2023, Turtle Beach Corporation (the “Company”) announced that the Company and Juergen Stark, Chairman, Chief Executive Officer and President of the Company, have agreed that Mr. Stark would not continue in his role as Chairman, effective immediately

Departed

William Keitel

Member of the Board of Directors

TBCH · Turtle Beach Corp

Filed: May 2, 2023, 7:59 PM ET

both Mr. Stark and Mr. William Keitel will not stand for re-election as members of the Board of Directors of the Company at the 2023 Annual Meeting of Shareholders of the Company.

Departed

Juergen Stark

Chief Executive Officer and President

TBCH · Turtle Beach Corp

Effective: 2023-06-30
Filed: May 2, 2023, 7:59 PM ET

would also not continue as Chief Executive Officer and President of the Company, with his employment to terminate effective as of the close of business on June 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Juergen Stark resigned as Chairman at Turtle Beach Corp.

Action: resigned
Role: Chairman

Exact text from the filing

On May 1, 2023, Turtle Beach Corporation (the “Company”) announced that the Company and Juergen Stark, Chairman, Chief Executive Officer and President of the Company, have agreed that Mr. Stark would not continue in his role as Chairman, effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William Keitel departed as Member of the Board of Directors at Turtle Beach Corp.

Action: not stand for re-election
Role: Member of the Board of Directors

Exact text from the filing

both Mr. Stark and Mr. William Keitel will not stand for re-election as members of the Board of Directors of the Company at the 2023 Annual Meeting of Shareholders of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Juergen Stark resigned as Chief Executive Officer and President at Turtle Beach Corp.

Action: resigned
Role: Chief Executive Officer and President

Exact text from the filing

would also not continue as Chief Executive Officer and President of the Company, with his employment to terminate effective as of the close of business on June 30, 2023.

View on SEC.gov

Turtle Beach Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-132585

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